First Sabrepoint Capital Management LP Grows Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

First Sabrepoint Capital Management LP lifted its holdings in shares of VAALCO Energy, Inc. (NYSE:EGY - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950,000 shares of the energy company's stock after purchasing an additional 500,000 shares during the period. VAALCO Energy accounts for about 2.3% of First Sabrepoint Capital Management LP's portfolio, making the stock its 14th biggest position. First Sabrepoint Capital Management LP owned 1.86% of VAALCO Energy worth $8,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. IFP Advisors Inc purchased a new stake in VAALCO Energy in the fourth quarter worth $27,000. CIBC Private Wealth Group LLC purchased a new position in shares of VAALCO Energy in the fourth quarter worth about $38,000. Atria Wealth Solutions Inc. purchased a new position in shares of VAALCO Energy in the fourth quarter worth about $44,000. Virtu Financial LLC purchased a new position in VAALCO Energy during the 4th quarter valued at about $59,000. Finally, Quantbot Technologies LP purchased a new position in shares of VAALCO Energy during the 4th quarter worth approximately $60,000. Institutional investors own 50.32% of the company's stock.

VAALCO Energy Price Performance

Shares of NYSE:EGY remained flat at $3.44 during trading hours on Friday. The company's stock had a trading volume of 645,952 shares, compared to its average volume of 942,587. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.14. The firm has a market cap of $361.47 million, a price-to-earnings ratio of 4.05 and a beta of 0.87. The firm has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $4.29. VAALCO Energy, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.43.

VAALCO Energy (NYSE:EGY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $110.33 million for the quarter, compared to the consensus estimate of $99.30 million. As a group, equities analysts predict that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Friday, May 23rd. VAALCO Energy's payout ratio is currently 45.45%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded VAALCO Energy from a "hold" rating to a "buy" rating in a research note on Thursday.

Insider Transactions at VAALCO Energy

In other VAALCO Energy news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $3.95, for a total value of $40,167.55. Following the completion of the sale, the chief operating officer now owns 174,992 shares in the company, valued at approximately $691,218.40. This represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

About VAALCO Energy

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.